At 9:47 am Beijing time on October 24, the slots for the first batch of Polkadot parachains will expire. This means that about 100 million DOTs originally locked in the slot auction will also be unlocked, accounting for about 7.4% of the total issuance.
In the 2-3 years since Polkadot was launched, this is the first time that such a large-scale unlocking has occurred.
1. Sell. Sell DOT in exchange for other popular assets or stablecoins. Sorry for the DOT believers.
2. Hold. Continue to hold DOT, which will provide some support for the price and market value of Polkadot. This is hard for DOT believers.
3. Staking. Staking DOT on a validator node to get staking rewards, but it may also make the staking rate too high, thus reducing the staking rewards. This is hard for DOT believers.
4. Participate in other card slot auctions. Another auction with no return rate results in 2 years. It’s hard for DOT believers. (At least I won’t participate in card slot auctions anymore 😵💫)
This large-scale unlocking of Polkadot will bring severe challenges to the entire ecosystem. How to resolve the crisis brought about by this unlocking. If you have any good solutions, please leave a message in the comment section.
